Red Mile CEO, Board Member Quit

Red Mile CEO, Board Member Quit

Red Mile Entertainment CEO Chester Aldridge has resigned from his position at the Sin City developer, as well as board member Kenny Cheung,according to an SEC filing.

Aldridge will remain as chairman of the board. Cheung’s resignation “did not result from any disagreement with the company relating to our operations, policies or practices,” Red Mile said.

Aldridge will be replaced by Simon Price, who served as president of the company since March 2008. In addition to Red Mile, Price is the managing director and a director of market research firm Simon Price Consulting. Before that, he was also journalist in the game industry at now-defunct US trade publications MCV and mmWire (disclosure: this editor worked with Price at mmWire).

It is not yet known how Cheung’s resignation will affect the company. Cheung owns and operates Tiger Paw Capital, which Red Mile was attempting to increase its $1 million line of credit with in February. At the time, the company said it was unlikely it could continue its business beyond March 31 if it could not secure additional funding. So far there has been no word if the company continues to operate.

Red Mile acquired the publishing rights back from Atari last month for its multiplatform Heroes Over Europe. The game’s website still shows a spring release, but it also is still showing Atari as a publisher

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